Budgeting for Departments

The following information is provided for the purposes of understanding employee and employer costs of benefits.

General Rules

Student employees: employer is not usually charged for social security, retirement, health insurance, or unemployment. Please refer to the Student Employment Office website for more information regarding student employment.

Temporary employees: employer is not charged for retirement or health insurance unless the employee becomes eligible for the benefit. The Monitoring Hours for Temporary Hourly Employees (PDF) includes details of potential benefit impacts. For more information or individual eligibility determinations contact Payroll and Benefits at ext.6460.

Tax Rates

	Employee	Employer	Total	Maximum Wages
OASI	6.20%	6.20%	12.40%	$132,900 (2019) $128,400 (2018)
Medicare	1.45%	1.45%	2.90%	All Wages
Total	7.65%	7.65%	15.30%

Current Retirement Rates

(Effective 7/1/2019, TRS Rate will change 9/1/2021)

		Employee	Employer
PERS 1		6.00%	12.97%
PERS 2		7.9%	12.97%
PERS 3		See Handbook	12.97%
TRS 2		7.77%	15.74%
TRS 3		See Handbook	15.74%
LEOFF 2		8.59%	8.77%
TIAA-CREF	Age less than 35 Age 35 to 50 Age over 50	5.00% 7.50% 10.00%	5.00% 7.50% 10.00%

Paid Family and Medical Leave

Employee	Employer
.2533%	.1467%

Medical/Dental Employer Contribution

(Fiscal year rates)

July 1, 2020 - June 30, 2021	$976.00/ month
July 1, 2019 - June 30, 2020	$939.00/ month
July 1, 2018 - June 30, 2019	$916.00/ month

Industrial Insurance

(Calendar year rates per hour worked)

	Employee	Employer
2021 Rate	$0.10005	$0.21895
2020 Rate	$0.0997	$0.2329
2019 Rate	$0.10425	$0.27255

Volunteer Rate for Industrial Insurance

(Calendar year rates)

	Employee	Employer
2021 Rate	$0.0000	$0.05030
2019 Rate	$0.0000	$0.0681
2018 Rate	$0.0000	$0.0582